I am wondering what will happen once the European Commission approves lighting foreign ownership restrictions of EU airlines, from 49% into majority. This could happen very soon
What will happen in AS? Will suddenly all of EU become Investment open area?
i think most likely it will be like those treaties, only apply on new servers.
But making all European countries become open market sounds a little bit crazy to me.
Well, the EU Comission is a bunch of crazy idiots …
Hi,
your remark and my reaction should be moved to the off-topic forum.
If a German, Belgian, Dutch, French, Italian... politician decides that it is a good idea for a car CO2 test to: remove rear view mirrors, discouple the alternator, use sticky tape to close all gaps (and so on) it does not mean that he is a crazy idiot. It means that he is corrupt. Not the general public asked to ruin these tests, the car industry did.
If the same politician decides that it is a good idea to allow foreign investors to take over European airlines, it is - again - not because the general public wants this. It is what big money wants.
Besides, you and I voted for these "crazy idiots".
Jan
If the same politician decides that it is a good idea to allow foreign investors to take over European airlines, it is - again - not because the general public wants this. It is what big money wants.
I don't see problem with that. Countries like Colombia and Chile provide fully liberal markets in aviation and anybody from anywhere can own an airline there. Brazil had just recently stated that it will lift ownership restrictions in aviation for countries that will have a reciprocal arrangements for Brazilian investors. Canada and EU are discussing (or it may even have been already signed) liberalization of mutual ownership requirements. The only one so far holding out stubbornly is USA,,,,
I, for my part, like it. It makes my global aviation entrepreneurial ambitions much easier ... ;)
Hi George,
it won't make much difference for you and me. It will be just another company that becomes part of a multinational. The tax office will probably get a bit less. And Ryanair pilots may end up with a higher salary than Brussels Airlines pilots if the latter would be outsourced to some cheap country. On second thought... O'Leary will probably be the first one to (legally) move his airline from Ireland to a country with even lower taxes and cheaper salaries.
But my point was that it is not the general public who asks for this.
In the game it surely will make Europe more challenging. And I too may start a subsidiary in Europe ;-)
Jan
As tough as Europe is on most servers, this would make it harder I think. Glad I don’t play in Europe LOL.